Black and Buono Blog

In Massachusetts, so many residents are looking for a way to consolidate bills, lower their monthly payments and regain control of their finances. And it is not just the unemployed who are struggling; even those who are gainfully employed are having difficulty trying to make ends meet.

A mountain of debt is stressful and can lead you to make even more financially bad decisions. Calling or clicking on radio and internet ads promising you government debt consolidation relief is one of those bad decisions. Here is the situation: The government is not in the business of originating debt consolidation loans. Private companies are, and in exchange, they charge high fees and interest rates. When you hear a radio ad or see a banner ad extolling the virtues of the next government debt relief program, understand that the ad is being run by a for-profit private company and is using false advertising to trick stressed out consumers into thinking a government agency will be helping them instead of a for-profit business.

You can consolidate your debt by working with a debt consolidation company but you need to avoid the dishonest companies. Those companies that promise government loans or Obama debt relief are misleading consumers through advertising. Debt consolidation is a legitimate way to gain control over your credit card debt and there are companies that will consolidate all of your monthly debt into a single loan. However, having a lawyer who is experienced in debt consolidation and bankruptcy law can help you steer clear of these types of companies that are dishonest, or charge too high fees. A lawyer can negotiate with the issuers of your credit cards to eliminate a portion of your debt. At Black and Buono, we do not have interest rates and fluctuating fees to do this for you like the debt consolidation companies do. And we will get answers to important questions such as what financial penalties are levied against those who pay back their loans late. We will also have for you a written scheduled that shows exactly when your debt consolidation loan will be paid off when you make your payments on time every month.

When you are stressed and facing desperate times, bad decisions are made. With high unemployment, house values dropping and bankruptcy and foreclosure filings rising, more and more consumers are bound to click or call these companies making false claims. Know your options, and make good decisions. Get help with your credit card debt the right way. Good financial decision making and common sense starts with a phone call to Black and Buono at 877-619-5089.